Friday, February 01, 2013

First of the month, rent is paid via PayPal

Getting a rent check to us within the five business day window has been a big challenge for our Indiana tenant.

He somehow figured he had to send a cashier’s check, which meant he had to go to the bank and his bank is not handy to his home or his work. And he never could get his mind around the fact that the $18 and change he was wasting on U.S. Postal Service next-day delivery was wasted because you can’t get next-day service from his local postoffice or to our small country postoffice.

Consequently he was late and the majority of the time last year it meant he also owed a $75 late charge.

So last month I suggested he save the time and the effort and the postage and pay his rent with PayPal.

He seemed excited about the idea and emailed me earlier this week that he had set up his own PayPal account.

And, sure enough, his rent payment rolled into my PayPal account at 7:46 a.m. today.

Now I wonder why it took me so long to thing of it.

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